Priority for spare cash flow as follows-
1/ Pay down debt.
2/ Look to grow the business where cost effective.
3/ Reward Shareholders but without going overboard
4/ Buybacks ( they are not evil as they reduce the shares held and shareholders will see better share price and dividends long term)
And the first two are interchangeable, because sometimes a project to grow the business makes so much sense financially that it outweighs the benefit cost wise of paying down debt and reducing interest burden.
Christopher
Market Talk, page-52
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $541.2M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.5¢ | $64.82K | 313.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 337756 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 402349 | 8 |
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| COE (ASX) Chart |